East Asia

CCMP Asia secures $125m from Washington State(2)

In a record year of private equity investment in Asia, Washington State ups its exposure.

Dragonvest funds Chinese gaming developer

Dragonvest Partners has invested $1.5 million in a Series-A round in a Chinese game development and outsourcing company to expand its international operations and Shanghai studio.

Longreach to acquire control of Taiwan’s EnTie Bank

The Longreach Group, a largely Japan-focused private equity firm, has joined a number of other international buyout firms to invest in a bank in Taiwan where the fragmented industry is undergoing consolidation.

China to set up $200 billion investment fund

China’s recent $3 billion investment in The Blackstone Group may have been the tip of the iceberg, as the government prepares to launch a $200 billion investment fund modeled on Singapore’s Government Investment Corporation.

DLA boosts Beijing team

DLA has recruited Steven Liu from Heller Ehrman to join its Beijing office as a partner. Liu is the sixth legal professional to join DLA Beijing in the last six months.

Get set for ‘BX’(3)

The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.

China tied to Blackstone for seven years

Fresh details have emerged in Blackstone’s latest pre-IPO filing with the US Securities and Exchange Commission about the long-term nature of its deal with China’s overseas investment vehicle.

Citigroup spin-out in Mexican bank deal(3)

Brysam Global Partners, a firm run by ex-Citigroup senior executives that has reportedly raised more than $1 billion for an emerging markets fund, has invested $230 million in Mexican bank Ixe. It is Brysam’s debut deal.

Blackstone post-IPO trading values firm at $37bn(2)

Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.

Blackstone considers $400m China petrochemical deal(3)

The Blackstone Group is said to be mulling a $400 million investment in China’s largest petrochemicals company. The news follows a disappointing NYSE debut for Blackstone’s management company, in which the Chinese government invested $3 billion.